GDE vs. JEPQ

Last updated Jun 14, 2026

GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. GDE is actively managed, while JEPQ is passively managed. Over the past 3 years, GDE returned 42.64%/yr vs 19.91%/yr for JEPQ. A 0.60 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.35%/yr for JEPQ.

Performance

GDE vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDE achieves a 3.16% return, which is significantly lower than JEPQ's 7.85% return.

GDE

• 1D: 0.67%
• 1M: -9.22%
• YTD: 3.16%
• 6M: 4.00%
• 1Y: 40.98%
• 3Y*: 42.64%
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.62%
• 1M: 0.68%
• YTD: 7.85%
• 6M: 8.80%
• 1Y: 26.60%
• 3Y*: 19.91%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDE vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.16%	73.76%	44.79%	33.85%	-11.19%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between GDE and JEPQ is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.60

The correlation between GDE and JEPQ has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.

Return for Risk

GDE vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDE

GDE Risk / Return Rank: 42
GDE Sharpe Ratio Rank: 45
GDE Sortino Ratio Rank: 39
GDE Omega Ratio Rank: 46
GDE Calmar Ratio Rank: 41
GDE Martin Ratio Rank: 38

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 69
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 66
JEPQ Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDE vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GDE	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.03	-0.64
Sortino ratio: Return per unit of downside risk	1.81	2.69	-0.88
Omega ratio: Gain probability vs. loss probability	1.26	1.40	-0.14
Calmar ratio: Return relative to maximum drawdown	1.83	2.91	-1.08
Martin ratio: Return relative to average drawdown	5.36	13.84	-8.48

GDE vs. JEPQ - Sharpe Ratio Comparison

The current GDE Sharpe Ratio is 1.39, which is lower than the JEPQ Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of GDE and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDE vs. JEPQ - Drawdown Comparison

The maximum GDE drawdown since its inception was -32.01%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for GDE and JEPQ.

Drawdown Indicators

	GDE	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-20.07%	-11.94%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	-8.82%	-13.84%
Max Drawdown (3Y) Largest decline over 3 years	-22.66%	-20.07%	-2.59%
Current Drawdown Current decline from peak	-16.53%	-1.64%	-14.89%
Average Drawdown Average peak-to-trough decline	-7.93%	-3.41%	-4.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.73%	1.85%	+5.88%

Volatility

GDE vs. JEPQ - Volatility Comparison

WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 10.77% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 4.98%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDE	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.77%	4.98%	+5.79%
Volatility (6M) Calculated over the trailing 6-month period	25.97%	10.22%	+15.75%
Volatility (1Y) Calculated over the trailing 1-year period	29.88%	12.61%	+17.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.09%	16.73%	+10.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.09%	16.73%	+10.36%

GDE vs. JEPQ - Expense Ratio Comparison

GDE has a 0.20% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

GDE vs. JEPQ - Dividend Comparison

GDE's dividend yield for the trailing twelve months is around 4.19%, less than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.19%	4.32%	7.14%	2.22%	0.81%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both GDE and JEPQ in my portfolio?

GDE and JEPQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDE or JEPQ?

GDE has higher volatility (10.77%) compared to JEPQ (4.98%). In terms of maximum drawdown, GDE dropped -32.01% vs JEPQ's -20.07%.

Which ETF is better, GDE or JEPQ?

On 3-year performance, GDE leads with 42.64% vs 19.91% for JEPQ. On fees, GDE is cheaper at 0.20% per year. On volatility, JEPQ has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDE or JEPQ?

Over the 3-year period, GDE has performed better with a 42.64% return vs 19.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDE or JEPQ?

GDE is cheaper with a 0.20% expense ratio, compared with 0.35% for JEPQ.

Which ETF pays a higher dividend yield, GDE or JEPQ?

JEPQ has the higher dividend yield at 10.22%, compared with 4.19% for GDE.

What is the main difference between GDE and JEPQ?

GDE is categorized as Gold, while JEPQ is Nasdaq-100. They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.20% for GDE and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.03 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.